Consider the purchase of an asset that costs $88,000 and has a 6 year depreciable life and a salvage value of $13,000. If you were to depreciate this asset using a double declining balance (DDB) approach, which of the following would be true?

The asset would be perfectly depreciated with a DDB approach and no adjustments would be needed

The asset would be overdepreciated with the DDB approach therefore the schedule would need to be adjusted

The asset would be underdepreciated with the DDB approach therefore the schedule would need to be adjusted